We are about 1.5miles outside Port Du Alcudia which is where I suspect you mean. It's no great at all
Alcudia old town is lovely - that's where we were last night. Having a trip to Port Du Pollencia today
E: Just to add the restaurant prices are similar (imo) to home (nowhere near as cheap as years gone by) the value however (quality and portions) vary drastically
We are eating at bit higher quality restaurants which are a few euro per dish more but a.much more enjoyable experience.
We can get a free shuttle bus from the hotel to Port Du Alcudia but would much rather bus / taxi to the old town as infinitely nicer